https://www.taxtmi.com/article/detailed?id=12284 The Finance Bill maintains existing Income Tax rates, surcharge, thresholds and deductions while extending specified exemptions and procedural timelines: the exemption for income of a wholly owned subsidiary of certain sovereign and pension investors is extended; implementation deadlines for faceless schemes covering transfer pricing, dispute resolution panels and appellate tribunals are prolonged; small outstanding tax demand amnesties and time limit extensions for startup deductions, specified fund exemptions, and nonresident leasing income to international financial services centre units are provided. en-us Sat, 03 Feb 2024 08:28:36 +0530 Sat, 03 Feb 2024 08:28:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12284 The Finance Bill maintains existing Income Tax rates, surcharge, thresholds and deductions while extending specified exemptions and procedural timelines: the exemption for income of a wholly owned subsidiary of certain sovereign and pension investors is extended; implementation deadlines for faceless schemes covering transfer pricing, dispute resolution panels and appellate tribunals are prolonged; small outstanding tax demand amnesties and time limit extensions for startup deductions, specified fund exemptions, and nonresident leasing income to international financial services centre units are provided. Articles Budget - Tax Proposals Sat, 03 Feb 2024 08:28:36 +0530 https://www.taxtmi.com/article/detailed?id=12284